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Leading miners sell Bitcoin as market plunges
The decline in Bitcoin (BTC) price has changed the course of the crypto industry. Companies are either shutting down Bitcoin mining operations or pivoting to artificial intelligence (AI). Bitcoin mining is the process of using specialized computing hardware to solve complex cryptographic puzzles to verify and add blocks containing BTC transactions to the chain. In return, miners receive rewards in the form of newly minted BTC. Once a profitable enterprise, Bitcoin mining is now finding fewer players due to higher energy costs, rising mining difficulty, and reduced mining reward. The pivot towards AI isn’t a ... (full story)
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